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20121112
20121120
Search Results 0 to 7 of about 8 (some duplicates have been removed)
age to 67 and cap benefit hikes under social security. obama and house speaker john boehner are due to begin negotiations friday on averting the so-called fiscal cliff of expiring tax cuts and automatic spending reductions set to take effect at the end of the year. speaking in washington, treasury secretary timothy geithner stressed the urgency of reaching a deal. >> i know the cliff is unattractive. it would cause a lot of damage to the american economy. a careful about those who argue and urge for "let's just extend while we negotiate." it will leave a different source of uncertainty on the table, like what would give the people the incentive to come back and do something tough. >> millions of workers in europe have joined a general strike today protesting the wave of spending cuts and tax hikes that has swept the continent in the name of austerity. spanish and portuguese workers are coordinating their strike with work stoppages also planned in greece, italy, france and belgium. we will have more on the strike after headlines. closing arguments have ended in a pretrial hearing to
a tax increase. if speaker boehner says i'll go along with that, that's where we'll start. i think e converti is under way for a solution. >> ifill: senator durban, are you kicking the can down the road by only talking about the tax ruts and not talking about the spending cuts as well? >> let me tell you something, i was on the bowles simpson commission, i voted for it, bipartisan commission that included spending cuts as well as revenue increases. i know that to reach four or five trillion dollars in deficit reduction you need to put everything on the table. not just taxes for the wealthy. that's an important piece of it, but it isn't all of it. you ed much mor >> the president said today in his news conference that he was very familiar with the literature on the overreach of presidents in their second term or their potential for overreach. do you think that's a possibility here? do you see that? we have heard, for instance, republicans say, hey, we can talk about immigration now. is it possible that some things actually are in reach? >> oh, i do think -- i think immigration reform
. john boehner still in the house for the time being at the treasury. the president is back in the white house and harry reid is in the senate with a few more seats. why should i believe this would end any more positively than the summer of 2011? >> because again i'm not going to try to talk to you in optimism but let's look at what's changed. you have republican leadership acknowledging for the first time in this debate in public that it's agreed to increase in revenues as part of an agreement that helps restore fiscal balance. that's a very important change. you can debate on what motivated that change, and of course it's true that approach has been a popular very substantial support among the american people. you have a much greater recognition that the economy would benefit on a carefully designed balanced agreement on fiscal reform and putting it off indefinitely is not good for the country. that's important, too. and i also think again if you listen carefully to what people are saying and what many politicians are saying with many elected representatives are saying there's a lot of
.6 would be 1.5 to 1, when he was with boehner, 800, wanted another 4. >> you were in the room so you know. >> first of all, since we talk about bowles-simpson so much, bowles-simpson has a 1:1 ratio. >> it doesn't. >> i thought it's 1:4. >> it's 1:3. >> in the way the bowles-simpson frame was put out something people didn't realize was that in terms of the revenue number they weren't counting the expiration of the high income tax cuts which they proposed to get rid of. apples to apples, in terms of the way people are currently adding up their math, it's approximately a 1:1 ratio. >> erskine bowles said you should look at 3:1 in terms of spending cuts to revenue. >> i'm just saying what was in bowles-simpson. >> let's not forget about growth, we need to stimulate growth and a lot of it on the innovation side. >> david thank you, appreciate it i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ . >>> welcome back, everyb
Search Results 0 to 7 of about 8 (some duplicates have been removed)